Ethereum (ETH) and Cardano (ADA) Lose Bullish Momentum as New Crypto ICO, FXGuys ($FXG), Gains Traction

The Ethereum (ETH) price surged past the $4,000 mark on Tuesday, December 17, inching towards its ATH and a new future of highs.

The price of Ethereum (ETH) dropped significantly on Tuesday, December 17, after rising above the $4,000 mark and approaching a new all-time high. However, recent data shows a shift in direction.

Cardano (ADA) also experienced a decline below the dollar, but reports suggest that the DeFi token is expected to approach its resistance levels soon. Despite the performance of ETH and ADA, a new crypto ICO, FXGuys ($FXG), is reportedly exhibiting promising potential.

Ethereum (ETH): Top DeFi Token Loses Bullish MomentumAfter rising above a crucial resistance level, ETH flipped from bullish to bearish in just a matter of hours. On Monday, December 16, 2024, Ethereum holders were elated. At one point, the ETH token was trading above its $4,000 resistance, and the next moment, it took a steep fall.

That fall resulted in daily losses of about 4.03% for the DeFi token, which is now trading at $3,678. The rejection from $4,000 was the third time in 2024, and the ETH token might need much more than accumulation to take it comfortably past $4,000.

The outlook on the derivatives market is not better either, as most traders who took long positions on Ethereum in November are turning bearish for the first time since November 6. The new support level for Ethereum seems to be around $3,628, after which a surge back to $4,000 will be very difficult.

All of these explain investors’ traffic to FXGuys. The new crypto ICO has a low entry point and a vast growth potential.

FXGuys: A New Crypto ICO That Offers Low Entry Point and Explosive GainsThanks to the appeal of its new proprietary trading feature, FXGuys is one of the most promising projects in the crypto market. A key highlight is that $FXG coins will list at a considerably lower price than most top altcoins, making it an accessible entry point for investors.

The FX Guys project shows promising profit prospects because of the utility of its native token, $FXG. As the ecosystem’s native token, $FXG will be used for transaction fee payments and voting, thereby generating consistent demand and driving long-term value appreciation.

The $FXG token also incentivizes trader activities on the FXGuys platform through its innovative Trade2Earn feature. With every completed trade, users are rewarded with $FXG tokens as bonuses to encourage active participation.

Furthermore, these tokens grant holders voting rights, allowing them to participate in key decision-making processes that influence the project’s future.

It gets even more interesting as the project’s proprietary trading arrangement allows the best traders access to funds from willing investors. These traders are vetted through a simulation exercise where they demonstrate their expertise.

These traders are then provided capital of up to $500,000 in funding to play out their strategies. Upon completion, the traders keep 80% of the gains, while investors get 20%, and everyone goes home happy.

Is Cardano (ADA) Ready For a Rebound?Cardano’s minor setback from the previous week seems to have been redressed. The ADA whales have started accumulating the DeFi token again, and the ADA token has just broken out of a parabolic trend line on the 24-hour charts, a solid indication of bullish movements.

With the bullish momentum underway, ADA holders have already identified some resistance levels that the DeFi token might want to rally around. Some sound very unrealistic, while there are a few attainable levels in the predictions.

The $1.81 and $2.48 levels have come up as possible resistances that Cardano can flip to become support levels. Since the current bullish spike doesn’t have a defined limit, there’s really no telling how far Cardano can go.

Certainly, the token might never get as far as $FXG in terms of profit, according to expert predictions.

The $FXG Presale: An Opportunity of a Lifetime!ETH and ADA are still among the top altcoins with bullish prospects. However, Ethereum’s struggle to stay above $4,000 and Cardano’s ongoing battle to regain key resistance levels mean they might not match FXGuys’ profit potential.

FX Guys is gathering a storm, and the new crypto ICO might be set to rack up to 10,000% gains for its investors if expert forecasts are anything to go by. There is a lot of excitement about its proprietary trading model, and the project is now over $3 million in presale.

Fairly priced at $0.04 in Stage 2 of its public presale, $FXG offers investors an opportunity to make up to 150% gains when the price goes up to $0.10 at launch, just before the real show begins.